Chinese Auto Firms Urged to Lift Game Amid Foreign Competition

[Beast]

Did you even read the article, which quotes two Chinese automotive industry experts?

'Although Asia’s biggest economy is home to the world’s biggest automobile market, it doesn’t have a competitive supply chain and not one local auto-parts maker is ranked among the top 500 companies globally, Cui Dongshu, secretary general of the China Passenger Car Association, told an electric-vehicle battery forum in Ningxiang this week'

And: ' “Owning core technology is the key for Chinese companies,” said Yuan Chengyin, general manager of the National New Energy Vehicle Technology Innovation Center in Beijing. “Chinese companies will only be able to break bottlenecks if they come up with better offerings.”

The article is actually constructive and truthful for the Chinese automotive supply chain industry, finishing on a specific and positive point about how improvements can be made. Instead your filters interpret the article as 'white man bad, unfairly criticize China'.
.

So what? I am stating facts. Feel free to rebutt me that CATL and BYD don't supply well known automobile like BMW or Mercs parts. I am Chinese and I know better than u who blindly pick up anti China article.

Chinese expert always overstate a small problem to spur Chinese industries into a state of competitive alert. The worst thing to happen to slip into a state of complacency like American who loves to self bragging after achieve a small milestone.

 

[cgy]

Since you find it easier to type a completely dumb sentence than doing a 2 second search let me help you out on seeing what Xinhua says about him

Cui Dongshu Xinhua

For those who think it's easier to annoy you than to Google 'Cui dongshu xinhua' themselves.

letmegooglethat.com

Hmmm...multiple hits

Apparently Xinhua thinks he important enough to get his opinion on the Chinese Auto industry..but I agree Xinhua is a well known purveyor of fake news and is full of idiots.

Here's an example:

SAIC Motor auto sales rebound in April - Xinhua | English.news.cn

SAIC Motor auto sales rebound in April

SHANGHAI, May 3 (Xinhua) -- Major Chinese automaker SAIC Motor reported a sales recovery in April after steep sales declines in the first quarter of 2020 amid the COVID-19 epidemic.

The Shanghai-based carmaker said Saturday it sold 433,000 vehicles in April, up 0.5 percent year on year. Of all, 413,000 vehicles were sold in the domestic retail market, a year-on-year increase of 1.3 percent.

Its auto sales plunged 55.7 percent year on year to 679,028 units during the January-March period, the carmaker said in mid-April.

The positive sales growth in April was achieved with government support policies.

The Chinese central government as well as many local governments have rolled out measures to boost car sales. Carmakers also have introduced new sales approaches including live streaming car sales to reach consumers who were staying at home.

"The government support policies and carmakers' promotional activities are set to stimulate the potential of automobile consumption," said Cai Bin, assistant president of SAIC Motor.

The company will seize the opportunity and introduce major sales promotion carnival to boost auto consumption in May and June, the traditional peak season for auto sales, Cai said.

Cui Dongshu, secretary general of the China Passenger Car Association, said the government favorable policies will help promote the future sustainable development and upgrading of automobile consumption in China and a V-shaped recovery is almost set for the country's auto market. Enditem

I'm glad to see that you admit that Bloomberg is a false news media which full of lies. At least you are braver than Indians. I hope you can remember the lesson of this time and do not quote false media sources at will

 

[Hamartia Antidote]

I'm glad to see that you admit that Bloomberg is a false news media which full of lies. At least you are braver than Indians. I hope you can remember the lesson of this time and do not quote false media sources at will

LOL! I'm glad you agree Xinhua is a false news media site for talking to that guy and car association you believe is completely made up. Xinhua must be run by Chinese and Indians to be so double stupid.

 

[cgy]

LOL! I'm glad you agree Xinhua is a false news media site for talking to that guy and car association you believe is completely made up. Xinhua must be run by Chinese and Indians to be so double stupid.

China's major automakers end 21-month shrinking sales
Source: Xinhua| 2020-05-08 15:04:50|Editor: huaxia SHANGHAI, May 8 (Xinhua) --
China's major automakers have finally seen sales rebound after negative growth for 21 consecutive months, an industrial association said. Some 2 million units of vehicles were sold in April, up 39.8 percent month on month and 0.9 percent year on year, according to an estimate from the China Association of Automobile Manufacturers. The figure brought the total sales in the first four months of this year to 5.67 million, down 32.1 percent year on year. SAIC Motor, the largest vehicle manufacturer in China, said Saturday it sold 433,000 vehicles in April, up 0.5 percent year on year. Geely Auto reported 105,468 units of vehicle sales in April, up 2 percent year on year and 44 percent month on month. The emerging automaker Nio has doubled sales growth for two months in a row, with a record number of 2,907 ES6 models delivered in April. The monthly sales of the company rocketed by 181 percent year on year. Cui Dongshu, an industrial analyst, said work resumption of major automakers, rising demand for private cars out of safety concerns amid the epidemic and automakers promotional activities all contributed to the sales rebound. The auto sales growths are expected to continue in May and June, according to industrial analysts. Enditem

Economic Watch: China's NEV industry to see intensified competition with shrinking subsidies
Source: Xinhua| 2019-07-25 20:51:05|Editor: Li Xia BEIJING, July 25 (Xinhua) --
China's new energy vehicles (NEVs) sector is set to witness more intensified competitions as the country has been slashing subsidies for green cars, according to analysts. Starting June 26, subsidies to NEV buyers may decrease as much as 58 percent, according to a document released earlier by the Ministry of Finance. The move came as China has been cutting subsidies for the NEV sector since 2017, which were expected to be completely scrapped by 2020. The subsidy withdrawal was adopted given that China's NEV industry has begun to take shape, said Zhou Yi, an assistant researcher of the Development Research Center of the State Council. Thanks to the policy support, China's NEV sector has expanded robustly, with sales surging to more than 1.26 million units by the end of 2018 from fewer than 10,000 in 2009. With lower subsidies, Chinese NEV manufacturers will face intensified competition not only from fuel vehicle producers but also domestic and foreign NEV companies, Zhou said. Currently, profit margins of the NEVs are rather low compared with traditional fuel vehicles while the cost of manufacturing will increase significantly after the subsidy drops, said Chen Shihua, an assistant to the secretary-general of the China Association of Automobile Manufacturers (CAAM). As a result, the prices of green cars are bound to rise, according to Cui Dongshu, secretary-general of the China Passenger Car Association.



According to Google's results, Cui Dongshu did not mention in two interviews with Xinhuanet that "Although Asia’s biggest economy is home to the world’s biggest automobile market, it doesn’t have a competitive supply chain and not one local auto-parts maker is ranked among the top 500 companies globally".

Now there are two possibilities: either Bloomberg made up the lie and claimed that Cui Dongshu said it, or Cui Dongshu lied only in the interviews with Bloomberg. No matter what the truth is, the fact is that the credibility of the Bloomberg is now the same as that of the times of India, and you， the person who choose to reprint this false information have the same level of awareness as Indians.